920 12th Place, Prescott, AZ 86305

$800,000

Property Type: Multi-Family Square Footage: 5,250 Lot Size (sq. ft.): 12,197 Status: Closed

Current Price: $800,000 List Date: 8/30/2019 Last Modified: 10/17/2019

Overview

Description

Exciting opportunity to own this Multifamily Property in Prescott, Arizona. The property is improved with a one story, 8 unit apartment complex and contains 5,250 square feet of livable area. All the units are 2 bedroom/1 bath and are individually metered for electricity and gas. The property is a two building, masonry constructed property with four units in each building and plenty of off-street parking spaces in front of the buildings. It also includes a lower level garage which contains approximately 2,800 square feet of space including one parking space for each unit, utility room, storage areas and a Coin-Op laundry facility with a brand new washer and dryer (have yet to be installed, but convey with the sale). The surrounding deck was rebuilt and permitted in late 2017.

Supplements: The property contains a total of 12,197 square feet or 0.28 acres of land zoned BG, Business General District, and it's located within walking distance to shopping, YRMC Hospital, Prescott High School, Doctor's offices, and only minutes away from downtown Prescott. This is a great income generator property with a low vacancy rate. Current rental ra ... (Read more)

Listing Details MLS# 1023424

ContractAddressLegal

Original List Price: 880000
Listing Price: 880000
Street #: 920
Street Name: 12th
St Suffix: Place
City/Township: Prescott
State: AZ
Zip Code: 86305
Subdivision: Willow Creek Road Sub
County: Yavapai
Tax Parcel: 115-05-022

General Property Description

Lot #: 3
Aprx Acres: 0.28
Total Liveable SqFt: 5250
Source of Measuremnt: County Assessor
Stories: 2
Year Built: 1973
Management: Mgmt Company
Baths - Full: 8
More than 5 Units: Yes

Status Change Info

Under Contract Date: 2019-09-19
Sold Date: 2019-10-16
Sold Price/SqFt: 152
Financing: Cash

Unit 1

Unit ID: Yes
# BR: 2
# BA: Yes
SqFt: 700
Tenant Utilities: Gas and Electric
Rent $: 650

Unit 2

Unit ID: 2
# BR: 2
# BA: Yes
SqFt: 700
Tenant Utilities: Gas and Electric
Rent $: 750

Unit 3

Unit ID: 3
# BR: 2
# BA: Yes
SqFt: 700
Tenant Utilities: Gas and Electric
Rent $: 725

More Information

Unit 4

Unit ID: 4
# BR: 2
# BA: Yes
SqFt: 700
Tenant Utilities: Gas and Electric
Rent $: 750

Unit 5

Unit ID: 5
# BR: 2
# BA: Yes
SqFt: 700
Tenant Utilities: Gas and Electric
Rent $: 700

Contract/Address/Legal

List Price/SqFt: 168
Rent/Lease: Yes
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: BG
Assessor's Book #: 115
Assessor's Map #: 5
Assessor's Parcel #: 22
Legal: WILLOW CRK SUBD: W2 OF LOT 3 (LESS S 10') & LOT 5 (LESS S 10' OF E 89.82') LESS S 10' OF W 18.71' OF LOT 5 OF 10' OF W 18.71' 993/ 810

Remarks & Misc

Directions: North on Willow Creek Road. Left on 12th Place to Sign. Right hand side of the road.
Remarks: Exciting opportunity to own this Multifamily Property in Prescott, Arizona. The property is improved with a one story, 8 unit apartment complex and contains 5,250 square feet of livable area. All the units are 2 bedroom/1 bath and are individually metered for electricity and gas. The property is a two building, masonry constructed property with four units in each building and plenty of off-street parking spaces in front of the buildings. It also includes a lower level garage which contains approximately 2,800 square feet of space including one parking space for each unit, utility room, storage areas and a Coin-Op laundry facility with a brand new washer and dryer (have yet to be installed, but convey with the sale). The surrounding deck was rebuilt and permitted in late 2017.

Building Type

5+ Units: Yes
Residential+: Yes

Construction

Brick: Yes
Frame - Wood: Yes

Cooling

Evaporative Cooling: Yes
Room Evap: Yes

External Amenities

None: Yes

Flooring

Carpet: Yes
Vinyl: Yes

Heating

Forced - Gas: Yes
Natural Gas: Yes

Owner Pays

Trash: Yes
Water: Yes

Possession

At Recordation: Yes

Records Available

None: Yes
Other - See Remarks: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Road Responsibility

City Maintained Road: Yes

Roof

Asphalt Shingle: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes

Utilities Installed

220: Yes
Cable TV: Yes
Electricity: Yes
Individual Meter: Yes
Natural Gas: Yes
Underground: Yes
Water - City: Yes
WWT - City Sewer: Yes

Water Heater

Natural Gas: Yes

Unit 1 Parking

1 Car: Yes
Detached: Yes
Garage: Yes
Off Street: Yes
Other - See Remarks: Yes

Unit 1 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detectors: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 2 Parking

1 Car: Yes
Detached: Yes
Garage: Yes
Off Street: Yes
Other - See Remarks: Yes

Unit 2 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detectors: Yes
Laundry Room: Yes
Refrigerator: Yes

Unit 3 Parking

1 Car: Yes
Detached: Yes
Garage: Yes
Off Street: Yes
Other - See Remarks: Yes

Unit 3 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detectors: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 4 Parking

1 Car: Yes
Detached: Yes
Garage: Yes
Off Street: Yes
Other - See Remarks: Yes

Unit 4 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detectors: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 5 Parking

1 Car: Yes
Detached: Yes
Garage: Yes
Off Street: Yes
Other - See Remarks: Yes

Unit 5 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detector: Yes
Laundry Room: Yes
Range/Oven: Yes
Refrigerator: Yes
Other - See Remarks: Yes

Property Features

Building Type: 5+ Units; Residential+ Construction: Brick; Frame - Wood Cooling: Evaporative Cooling; Room Evap External Amenities: None Flooring: Carpet; Vinyl Heating: Forced - Gas; Natural Gas Owner Pays: Trash; Water Possession: At Recordation Records Available: None; Other - See Remarks Road Frontage Type: City Street Road Surface Type: Paved Road Responsibility: City Maintained Road Roof: Asphalt Shingle Utilities Installed: 220; Cable TV; Electricity; Individual Meter; Natural Gas; Underground; Water - City; WWT - City Sewer Water Heater: Natural Gas Unit 1 Parking: 1 Car; Detached; Garage; Off Street; Other - See Remarks Unit 1 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator Unit 2 Parking: 1 Car; Detached; Garage; Off Street; Other - See Remarks Unit 2 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Laundry Room; Refrigerator Unit 3 Parking: 1 Car; Detached; Garage; Off Street; Other - See Remarks Unit 3 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator Unit 4 Parking: 1 Car; Detached; Garage; Off Street; Other - See Remarks Unit 4 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator Unit 5 Parking: 1 Car; Detached; Garage; Off Street; Other - See Remarks Unit 5 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detector; Laundry Room; Range/Oven; Refrigerator; Other - See Remarks

Listing Office: Bear Creek Real Estate

Last Updated: October - 17 - 2019

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